Higher airline prices loom under EU emissions scheme

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  1. uggboy
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    Higher airline prices loom under EU emissions scheme:(:mad:

    BRUSSELS: Travellers could see a new charge on their tickets to fly between Europe and North America after the European Union begins forcing airlines to buy carbon emission permits next year.

    The EU admitted on Monday, as it unveiled rules governing the system, that the scheme could prompt airlines to add between four and 24 euros ($32) to the price of a two-way transatlantic flight.

    The EU is pressing ahead with the system despite a court challenge by the US airline industry, which says that it could cost them $3.0 billion dollars over the next 10 years. Chinese carriers have also complained, saying it would cost them an additional 800 million yuan (92.5 million euros, $125 million) a year.


    MORE!>http://www.channelnewsasia.com/stories/afp_world_business/view/1155678/1/.html

     

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